Act Number: 38

Act Name: The Government Securities Act, 2006

Year: 2006

Enactment Date: 2006-08-30

Long Title: An Act to consolidate and amend the law relating to Government securities and its management by the Reserve Bank of India and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 20: Cancellation by Bank of vesting proceedings.
    Where the Bank contemplates making an order under this Act vesting a Government security in any person, the Bank may, at any time before the order is made, cancel any proceedings already taken for that purpose and may, on such cancellation, proceed anew to the making of such order.
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